Cement News tagged under: Egypt
Egypt prices stable on surplus supply28 April 2015, Published under Cement NewsProducers in Egypt have decided to keep cement prices stable for the fifth-consecutive month, Minister of Supply, Khaled Hanafy, announced on Sunday. The price stability is due to surplus supply, Daily News Egypt quoted Medhat Staphanos, head of cement companies at the Federation of Egyptian Industries (FDI) as saying. Output has increased following the introduction of coal, which has helped alleviate the uncertainty of fuel sources. However, producers are still waiting an uptick in demand.... |
FCB TSV™ Classifier for Lafarge Ain Sokhna plant07 April 2015, Published under Cement NewsFives will supply a new high-efficiency separator for the Lafarge Cement Egypt petcoke grinding unit in the frame of its conversion from open to close circuit by Imsat (Romania). Thanks to the installation of the FCB TSV™ Classifier the grinding plant will produce 90tph of pulverised petcoke with R90µm ≤ 5 per cent, as required by LCE to shift from the conventional fuel used presently for the pyroprocess to petcoke. This project is aiming at relieving the stress on the cement plant due to... |
Egypt: Italcementi’s energy diversification focus26 March 2015, Published under Cement NewsItalcementi is currently focussing on energy source diversification at its Egyptian facilities, CEO Carlo Pesenti told Daily News Egypt. Mr Pesenti said the company will be relying on using coal, alternative fuels and renewable energy. Italcementi Managing Director in Egypt Bruno Carrè previously said the company will convert two new facilities in 2015, adding to two facilities converted in 2014. "We are investing some EGP400m per year for four years," Carrè said. "We have done one and we c... |
Lafarge Egypt and Orascom in waste management deal20 March 2015, Published under Cement NewsLafarge Egypt and Orascom Telecom Media and Technology Holding (OTMT) announced that they have signed a memorandum of understanding (MoU) to develop a waste management framework of municipal and agricultural waste. The memorandum, signed by Hussein Mansi, CEO of Lafarge Egypt and Tamer el Mahdy, deputy CEO and chief operating officer, OTMT, has been created by the two companies in an effort to process large volumes of municipal and agricultural waste into alternative fuels to be used in th... |
Egypt: ACC to boost alternative fuels usage18 March 2015, Published under Cement NewsEgypt-based Arabian Cement Co (ACC) is seeking to utilise alternative energy to increase its capacity utilisation rate to 100 per cent, the company’s CEO Jose Maria Magrina told Daily News Egypt on the sidelines of the Economic Summit. The company is currently running at approximately 80 per cent of its capacity. Coal accounts for around 70 per cent of energy use, while alternative fuels represent 10 per cent including waste and biomass. Arabian Cement is currently working on the complet... |
IDA to propose 12 licences in Upper Egypt17 March 2015, Published under Cement NewsThe Industrial Developmental Authority (IDA) is set to propose 12 new cement licences in several Upper Egypt governorates this year, according to its chairman. The IDA is also working on preparing new mechanisms and regulations for proposing cement licences, before submitting them to Prime Minister Ibrahim Mehleb within 10 days. Mehleb will approve them as soon as possible, said Ismail Gaber, Chairman of IDA, told Daily News Egypt on the sidelines of the Economic Summit in Sharm El Sheikh. ... |
Cementir performs well in Denmark11 March 2015, Published under Cement NewsCementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but EBITDA improved by 13.4 per cent to EUR192.4m. The trading profit advanced by 35.7 per cent to EUR104.1m and the pretax profit rose by 57.5 per cent to EUR99.5m. Net attributable profit recorded a 78.5 per cent advance to EUR71.6m. Net debt at the end of 2014 was 14.3 per cent lower at EUR278.3m, giving a modest gearing level of 26.7 per cent as shareholders’ funds increased by 9.3 per cent. Capital investme... |
FLSmidth wins Egyptian cement plant contract05 March 2015, Published under Cement NewsFLSmidth has received two contracts from the Egyptian cement producer Qena Cement for supply of equipment for a cement plant which was originally supplied by FLSmidth. The cement plant is located approximately 45km from Luxor in Egypt. The equipment to be supplied includes among others an ATOX© coal mill, an OK© vertical cement mill, Pfister© weighing and dosing systems, MAAG Gear© reducers and Airtech filters. "We are very happy to supply this additional equipment to an existing customer... |
Suez Cement Group sees 4Q gains27 February 2015, Published under Cement NewsWith improved market conditions, Suez Cement Group of Companies (SCGC) of Egypt saw a 2.5 per cent increase in fourth-quarter revenues to EGP1.539m and progress in EBITDA which gained 11.5 per cent to EGP300m. Net profit after non-controlling interest increased 15.2 per cent during the same period to EGP129m. For the whole year, the Italcementi group company reported that sales increased 22 per cent to EGP6.52m, while recurring EBITDA improved 8.8 per cent to EGP1.154m compared to 2013 fig... |
Egypt: ACC secures loan to part-finance expansion26 February 2015, Published under Cement NewsArabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing. The loan is to be repaid over a period of five years, including a one-year grace period. The cement firm said it will use the loan to finance part of the first phase of an expansion project to enhance grinding capacity. |